House price growth stalled in June according to new figures from property analyst Hometrack. New buyer registrations were 0.5 per cent lower in June, the first time they have fallen on a month-on-month basis, for the past five months. Supply continued to increase, causing prices to fall even further. The only place which saw an […]
Land Registry figures confirm that house prices fell last month, after surveys by the Halifax, Nationwide and the Royal Institution of Chartered Surveyors all reported a decline. The Land Registry said that the price of houses in England and Wales fell by 0.3% in April, with the average house price falling to A?160,417. The decline […]
The average price of a house in England and Wales fell by 0.6 per cent to A?160,372 in March according to new Land Registry figures. However, there were wide regional variations with prices falling by 1.8 per cent in London and 4.1 per cent in Wales, but increasing by 5.6 per cent in the North […]
The number of A?2m-plus homes sold in England and Wales fell to 103 in December 2011, 18 per cent lower than the figure for December 2010. Eighty of the A?2m-plus properties sold during the month were located in London, where prices have been rising faster than in other parts of the UK. The most popular […]
The latest figures from the Land Registry show that house prices fell by 1.3 per cent in England and Wales in 2011, with the average property costing A?160,384 in December. Prices remained stable at the end of the year, with no change between November and December 2011. The only place in England and Wales where […]
The latest house price figures from Nationwide Building Society contradict yesterdaya��s news from the Land Registry that house prices have fallen over the past year. Nationwide today said that house prices are a�?surprisingly resilienta�� with Novembera��s figures showing a year-on-year increase of 1.6%. In contrast the latest Land Registry figures showed a 3.2 per cent […]
House prices fell at a faster rate in October than they did in the previous month, according to Land Registry figures, with the average house price dropping to A?160,000. The house price index fell 3.2 per cent in October, compared with a 2.6 per cent fall in September. Although house prices in London fell by […]
According to the Land Registry, house prices fell by 0.3% in August after a 1.3% rise in July. The latest fall takes the average cost of a home to A?162,347 in England and Wales. On an annual basis, meanwhile, the Registry said prices are 2.6% lower. It must be noted that the Land Registry compiles […]
According to the Land Registry, house prices rose by 1.3% in July compared with June, putting the average cost of a home at A?163,049 in England and Wales. On an annual basis, the Registry said prices are 2.1% lower. It must be noted that the Land Registry compiles its data from completed transactions and therefore […]
According to the Land Registry, house prices rose by 0.8% in April compared with March, putting the average cost of a home at A?163,083 in England and Wales. Last montha��s rise represented the first since January. On an annual basis, the Registry said prices are 1.3% lower. It must be noted that the Land Registry […]
Latest figures from the Land Registry show house prices in England and Wales falling by 1.1% in March, marking the largest monthly decline seen since February 2009. The only region to experience a monthly rise was the North West, with an upward movement of 0.7%, while in Wales house prices tumbled by 3.3%, compared with […]
According to the Land Registry, house prices fell by 0.8% in February compared with January, putting the average cost of a home at A?162,215 in England and Wales. However, on an annual basis, the Registry said prices fell by 1.7% in February. It must be noted that the Land Registry compiles its data from completed […]
According to the Land Registry, house prices rose by 0.2% in January compared with December, putting the average cost of a home at A?163,177 in England and Wales. However, on an annual basis, the Registry said prices fell 0.9% in January – the first negative reading since October 2009. It must be noted that the […]
According to the Land Registry, house prices fell by 0.2% in December compared with November, putting the average cost of a home at A?163,814 in England and Wales. The Registry said house prices are now just 1.5% higher than a year ago. It must be noted that the Land Registry compiles its data from completed […]
National Statistician Jil Matheson is recommending a single headline measure of house prices be introduced. Ms Matheson, the Government’s chief adviser on official statistics, conducted a review into official housing data following concerns from people who monitor house prices from various indices. Currently, there are two official house price indexes, one published by the Land […]
According to the Land Registry, house prices fell by 0.8% in October compared with September, putting the average cost of a home at A?165,505 in England and Wales. It must be noted that the Land Registry compiles its data from completed transactions and therefore lags behind other monitors of the housing market but is generally […]
The Land Registry has reported annual house price growth of 5.2% across England and Wales in September, marking the eleventh consecutive month in which annual property price inflation has remained above zero. However, the value of the typical home was at its lowest since December 2009 and the monthly change of -0.2% was the first […]
The Land Registry’s latest house price index shows the average cost of a home in England and Wales rising by 0.3% in August. Having seen the fifth consecutive monthly increase, the value of the average home stood at A?167,423, although on an annual basis the typical house price gain fell slightly compared with July, to […]
The Land Registry has reported that house prices in England and Wales increased by 0.4% in July, with growth at its strongest since the start of the year. The rise took the average value of a home to A?166,798 but left annual growth at 6.7%, down from 8.4% in June. Data for London show monthly […]
New figures from the Land Registry show house prices in England and Wales back to summer 2006 levels, having risen by 0.1% in June, compared with May. Last month, the typical home sported an annual gain of 8.4%, taking the average house price to A?166,072. All ten regions of England and Wales experienced annual rises, […]
Home rental costs down in November
The cost of renting a house in England and Wales fell by 0.4 per cent in November, its first dip since March, according to a survey by LSL Property Services. Average rent was A?741m during the month, returning to the level seen in September. However, it was 3.4 per higher than in November last year. […]
Lloyds TSB halts sale of packaged accounts in branches
Lloyds TSB will stop selling packaged account in its branches from 1 January 2013, until its sales procedures are brought into line with those operated by sister bank The Halifax. Lloyds TSB is one of the main providers of packaged accounts in Britain, with around one in three of its customers choosing to pay fees […]
Housing market recovery to continue next year
Recent improvements in the housing market should continue into next year, according to the Council of Mortgage Lenders (CML) Gross lending is estimated to have increased to A?12.9 billion in November, helped by the Funding for Lending scheme which provides banks and building societies with lower-cost funding, which they are then supposed to pass on […]
Newcastle Building Society exits interest-only mortgages
Newcastle Building Society has stopped offering interest-only mortgages to new borrowers, following the lead of the Royal Bank of Scotland, Nationwide, Co-operative bank and Coventry Building Society. The decision will not affect existing Newcastle customers and applications for interest-only mortgages received before 14 December will still be processed. Prior to the credit crunch, interest-only mortgages […]
Less than half of Brits considered creditworthy
Fifty-seven per cent of UK adults are at risk of having an application for credit turned down by a mainstream lender according to a new report. The a�?Mind the Credit Gapa�? report commissioned by aqua credit cards suggests that even people with a good credit rating and earning more than A?50,000 could have a credit […]
Monthly incomes A?22 lower in 2012
The average monthly income of UK households fell by A?22 in real terms compared with last year, according to a survey carried out for the Bank of England (BoE) by NMG Consulting. People on lower incomes have seen their income eroded more than higher earners and households still have high levels of debt the BoE […]
Savers dig deep to fund Christmas
New research from the Halifax suggests that savers are funding their Christmas spending with money set aside for other purposes. Thirty-seven per cent of 2,138 savers surveyed by the bank at the end of November had withdrawn savings in the last three months. The average amount withdrawn was A?1,186, more than double the average savings […]
Financial data at risk from unsafe passwords
According to a survey by the Payments Council the problem of having to remember a different password for several accounts means that many internet users are compromising the security of their financial data. Internet users have 22 password-protected accounts on average and many use the same log-in details for more than one account, even though […]
Wonga launches Paylater loans on retailer website
Payday loan company Wonga has launched a new Paylater service on furniture firm Cotswold Companya��s website. The service, which allows customers to “buy now, pay later” will be introduced on other retailersa�� sites in the near future. Although the Paylater branding is similar to Wongaa��s, the Wonga name only appears in the small print. A […]
First-time buyers take a decade to save for a deposit
Before the credit crunch it took first-time buyers two to four years to save up a deposit for a property but a quarter of first-time buyers now say it will take them at least ten years. In its latest Property Tracker report, the Building Societies Association (BSA) suggests that since September 2010 raising a deposit […]
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